The decentralized metaverse gaming platform The Sandbox makes headlines because of its expansion plans. The company’s co-founder and COO Sebastien Borget spilled the beans at the NFC Summit in Lisbon, saying that it is planning “aggressive” moves in mergers and acquisitions.
With the support of funding this year, the community-driven gaming platform intends to expand in terms of staff and acquisitions. Borget stated that the company may seek to buy businesses that provide users with “compelling metaverse experiences”.
Commenting on the company’s plans to go public, he replied “From what I see, most private companies went public after they had hundreds of millions of users. We are very proud to have 2.3 to 2.4 million users right now. Let’s talk again in a few years.”
The Sandbox is a sub-organization of Animoca Brands, with the last funding raised for $93 million from investors, led by SoftBank’s Vision Fund 2. The company’s most recent collaboration is with the hardware wallet company Ledger, who revealed a metaverse project at the NFC Summit.